I got laid off three weeks ago tomorrow
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- Senior Levergunner
- Posts: 1005
- Joined: Fri Mar 30, 2007 9:17 am
- Location: Willamette Valley, OR, USA
I got laid off three weeks ago tomorrow
The pharmaceutical industry is very dynamic. Sometimes that's a good thing, as companies expand to meet new needs. Sometimes not, as companies contract due to lower revenues.
On 30 November I got THE phone call. We downsized and, with deep regret, my company had no place for me. Hey, it was a good six years and I was fully vested in my pension plan. I had seen this coming for a few months so I was financially and emotionally prepared.
The package, which they have no legal obligation to give me, is VERY generous. I am grateful.
In addition, I got EXTREMELY lucky and found a job almost immediately. This means I will pocket the severance AND begin a new job. Prior to this I was unfamiliar with the concept of "double-dipping."
I start my new job on 2 January. My salary is not quite as much but I will probably make more money due to a better bonus structure.
All in all, no complaints. God has been very good to me and mine.
The lesson? BE PREPARED. No job is guaranteed. Take care of your finances and your resume. Work hard for your company but do not be blind to the realities of business. Change is inevitable.
Merry Christmas!
Quinn
On 30 November I got THE phone call. We downsized and, with deep regret, my company had no place for me. Hey, it was a good six years and I was fully vested in my pension plan. I had seen this coming for a few months so I was financially and emotionally prepared.
The package, which they have no legal obligation to give me, is VERY generous. I am grateful.
In addition, I got EXTREMELY lucky and found a job almost immediately. This means I will pocket the severance AND begin a new job. Prior to this I was unfamiliar with the concept of "double-dipping."
I start my new job on 2 January. My salary is not quite as much but I will probably make more money due to a better bonus structure.
All in all, no complaints. God has been very good to me and mine.
The lesson? BE PREPARED. No job is guaranteed. Take care of your finances and your resume. Work hard for your company but do not be blind to the realities of business. Change is inevitable.
Merry Christmas!
Quinn
Last edited by pharmseller on Thu Dec 20, 2007 11:57 pm, edited 1 time in total.
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- crs
- Advanced Levergunner
- Posts: 3154
- Joined: Thu Sep 06, 2007 10:32 am
- Location: Republic of Texas
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Glad to see you landed on your feet! Being prepared is what it is all about. In my career, it seems that sales folk are more prepared than many others.
CRS, NRA Benefactor Member, TSRA, DRSS, DWWC, Whittington Center
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sound advice
Quinn, I am glad it worked out for you. Your advice is sound. It is a shame that all too often, many get caught unprepared for a layoff. I am glad you were;
Mike Johnson,
"Only those who will risk going too far, can possibly find out how far one can go." T.S. Eliot
"Only those who will risk going too far, can possibly find out how far one can go." T.S. Eliot
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- Levergunner 2.0
- Posts: 318
- Joined: Mon Sep 03, 2007 4:55 pm
- Location: The Great American Outback
- Contact:
Congrats on the new job. I am leaving my county job of 12 years and am going to be a gun shop manager / gunsmith. I will be taking a month of vacation with the county and working full time for the gun shop. I'll be double dipping for about a month. That will be about $1000 extra that month. It sure is nice to have a little bit of extra income.
CQ DX de KC0HBR
www.greatoutdoorsgunshop.com
www.greatoutdoorsgunshop.com
- Ysabel Kid
- Moderator
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Quinn -
The company I work for has gone through a few of these cycles. Just 2 weeks ago they announced cutting 1,000 jobs and shutting down 5 plant sites. Glad to hear you were prepared, and have landed on your feet. I had this happen to a close friend about a decade ago, and he had a similar situation - got a job relatively quick, and put the severance package into his kid's college fund. Given the size of the package (a year's salary - they don't do that any longer), how young his kids were, and how fast he found a new job, he instantly paid for their education! Sometimes the change ends up being for the best!
Good luck!
The company I work for has gone through a few of these cycles. Just 2 weeks ago they announced cutting 1,000 jobs and shutting down 5 plant sites. Glad to hear you were prepared, and have landed on your feet. I had this happen to a close friend about a decade ago, and he had a similar situation - got a job relatively quick, and put the severance package into his kid's college fund. Given the size of the package (a year's salary - they don't do that any longer), how young his kids were, and how fast he found a new job, he instantly paid for their education! Sometimes the change ends up being for the best!
Good luck!
- Old Savage
- Posting leader...
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- marlinman93
- Advanced Levergunner
- Posts: 6639
- Joined: Sun Apr 01, 2007 3:40 pm
- Location: Oregon
Quinn,
I'm happy that something bad turned out so well for you! Good luck in he new job!
I'm happy that something bad turned out so well for you! Good luck in he new job!
Pre WWI Marlins and Singleshot rifles!
http://members.tripod.com/~OregonArmsCollectors/
http://members.tripod.com/~OregonArmsCollectors/
Good for your Quinn...glad you made the transition smoothly.
Such is not the case for people like me. I'm a business owner. 3 in fact.
I lost 3 bids for contracts in this month alone. worth $120,000. This put me and my people is survival mode. Your prayers are solicted.
I wish to all My family a Merry Christmas & Happy New Year. G-D Bless.
LeverBob
Such is not the case for people like me. I'm a business owner. 3 in fact.
I lost 3 bids for contracts in this month alone. worth $120,000. This put me and my people is survival mode. Your prayers are solicted.
I wish to all My family a Merry Christmas & Happy New Year. G-D Bless.
LeverBob
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- Advanced Levergunner
- Posts: 6972
- Joined: Tue Apr 03, 2007 8:52 pm
- Location: Ridgefield WA. USA
Hey, that company name didn't begin with "A" did it? One of my larger customers. The have "released" one way or another, almost 1000 people.
Jeepnik AKA "Old Eyes"
"Go low, go slow and preferably in the dark" The old Sarge (he was maybe 24.
"Freedom is never more that a generation from extinction" Ronald Reagan
"Every man should have at least one good rifle and know how to use it" Dad
"Go low, go slow and preferably in the dark" The old Sarge (he was maybe 24.
"Freedom is never more that a generation from extinction" Ronald Reagan
"Every man should have at least one good rifle and know how to use it" Dad
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- Senior Levergunner
- Posts: 1403
- Joined: Wed Sep 19, 2007 10:12 pm
- Location: kansas
let go at work
Quinn, I used to live 8 miles from you there in beautiful Oregon, was let go at my job, and wound up moving to Kansas. I'm glad you didn't have to report something like that happening to you! But I'm blessed too as a result, just retired in fair shape after so much turmoil in the late 80's in my life. Things work out, if you work. Good luck. Bruce
To hell with them fellas, buzzards gotta eat same as the worms.
Outlaw Josey Wales
Member GOA
NRA Benefactor-Life
Outlaw Josey Wales
Member GOA
NRA Benefactor-Life
- Old Ironsights
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Such troubles I should have...
Good for you Quinn.
Good for you Quinn.
C2N14... because life is not energetic enough.
מנא, מנא, תקל, ופרסין Daniel 5:25-28... Got 7.62?
Not Depressed enough yet? Go read National Geographic, July 1976
Gott und Gewehr mit uns!
מנא, מנא, תקל, ופרסין Daniel 5:25-28... Got 7.62?
Not Depressed enough yet? Go read National Geographic, July 1976
Gott und Gewehr mit uns!